Saviynt, a Los Angeles, California-based provider of intelligent identity and access governance solutions, closed $205 million in growth financing.
The investment was from AB Private Credit Investors’ Tech Capital Solutions group, an affiliate of global investment management firm AllianceBernstein.
The company will use this funding to meet the market’s growing demand for its converged identity platform and accelerate innovation.
In addition to the investment, Sachin Nayyar has been reappointed as CEO of the company. Also, former Saviynt CEO Amit Saha will take on the role of Chief Growth Officer.
Sachin Nayyar, the founder and CEO of Saviynt said, “The new funding allows us to extend our Enterprise Identity Cloud platform advantage through continued innovation, enhance the user experience, expand the platform to support emerging technologies such as OT and IoT, and grow our technology partner ecosystem.”
Saviynt’s latest growth funding represents its unwavering commitment to delivering the best identity solution to its customers, including:
Innovation: consistently deliver advanced identity solutions that facilitate digital transformation by leading the market in security, ease of use, and organizational impact.
Customer support: ensure the highest possible customer satisfaction through a dedicated team of professionals available 24/7.
Company: Saviynt Inc.
Raised: $205.0M
Round: Growth Financing
Funding Month: January 2023
Lead Investors: Tech Capital Solutions Group
Additional Investors:
Company Website: https://saviynt.com/
Software Category: Identity Solutions
About the Company: Founded in 2011 by Sachin Nayyar in California, Saviynt is an identity management company that provides cloud-first identity governance and access management solutions for businesses. Saviynt’s Enterprise Identity Cloud helps modern enterprises scale cloud initiatives and solve the toughest security and compliance challenges in record time. The company brings together identity governance (IGA), granular application access, cloud security, and privileged access to secure the entire business ecosystem and provide a frictionless user experience. Saviynt is on a mission to safeguard enterprises through intelligent, cloud-first identity governance and access management solutions.
Source: https://saviynt.com/press-releases/saviynt-raises-205m-founder-rejoins-as-ceo-appoints-seasoned-president-to-accelerate-its-leadership-in-identity-management/